2021 Newly Built Fourplex
For Sale
Contact for pricing
Pending
5542 Romaine St, Los Angeles, CA 90038
Newly constructed 2021 fourplex with en-suite bedrooms and nearly 8,500 SF total living space.
Property SizeContact for details
Days on Market148
Property Features for 5542 Romaine St
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Keller Williams Larchmont
Listed By:
Vinnie Park · License #CA 02015848
(323) 762-2600
Source:
Crexi
Added: Apr 11
Changed: Aug 13
Last Checked: Sep 2 at 5:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Larchmont
Investment Insights
Based on property information with market context.
5542 Romaine St presents a 2021 newly constructed fourplex offering nearly 8,500 square feet of total living space, approximately 2,000 square feet per unit. Each unit is designed with an en-suite in every bedroom, supporting privacy while delivering a more spacious, residential feel.
The property is described as being located in an Opportunity Zone within Hollywood, positioned above Hancock Park and Larchmont Village. The public remarks also note close proximity to major entertainment employers and studios, including Netflix and the Paramount studio, along with nearby grocers, restaurants, shopping, and cafes on Melrose.
For buyers considering a 1031 exchange, the remarks indicate the asset is being marketed with a projected 5.71% cap rate tied to its Opportunity Zone location, along with associated tax benefits.
The property is described as being located in an Opportunity Zone within Hollywood, positioned above Hancock Park and Larchmont Village. The public remarks also note close proximity to major entertainment employers and studios, including Netflix and the Paramount studio, along with nearby grocers, restaurants, shopping, and cafes on Melrose.
For buyers considering a 1031 exchange, the remarks indicate the asset is being marketed with a projected 5.71% cap rate tied to its Opportunity Zone location, along with associated tax benefits.
Key Highlights
- Newly constructed 2021 fourplex with nearly 8,500 SF total living space
- Approx. 2,000 SF per unit in a fourplex layout
- En‑suite bedrooms in each unit for added privacy
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Newly constructed 2021 fourplex with en-suite bedrooms and nearly 8,500 SF total living space.
Where is this quadplex located?
The property is located at 5542 Romaine St Los Angeles, CA.
What are key features of this property?
This property features: Newly constructed 2021 fourplex with nearly 8,500 SF total living space; Approx. 2,000 SF per unit in a fourplex layout; En‑suite bedrooms in each unit for added privacy
